China’s Digital Yuan Hub In Shanghai To Facilitate $8 Billion In Cross-Border Transactions

China’s Digital Yuan Hub In Shanghai To Facilitate $8 Billion In Cross-Border Transactions

IntroductionChina’s newly inaugurated digital yuan hub in Shanghai is set to facilitate $8 billion in cross-border transactions this year, reflecting the growing adoption of the central bank digital currency (CBDC) in international trade. The hub aims to streamline payment processing, enhance financial transparency,